Founded in 2016, ProStocks is the Online venture of Sunlight Broking LLP- one of India's top stock broking companies. It is known to offer convenient trading at economical rates. Being an online venture ProStocks prides itself in not indulging with any overhead costs like branch offices, Relationship managers and expensive advertisements in order to offer low-cost transactions and plans. ProStocks is the cheapest broker for unlimited trading plans which intends to start providing mutual fund services soon.
It is a Mumbai-based company founded by SP Toshniwal (present CEO) and Saurabh Ranka which allows its clients to trade and invest in the companies listed on the BSE and NSE exchanges. It facilitates trading in segments like Equity cash, Derivative Trading, Currency trading and Intraday Equity. The 2-in-1 Demat and trading account feature makes transactions handy and convenient. They also offer NRI trading services with zero additional account fee and
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | ProStocks | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹0 | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹300 per year (paid monthly) |
Charge | ProStocks | Upstox |
---|---|---|
Plan Name | Unlimited Plan | Basic |
Equity Delivery | ₹0 | ₹0 (FREE) |
Equity Intraday | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | N/A | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | ProStocks | Upstox |
---|---|---|
Equity Delivery | 1x (no margin) | 1x (no margin) |
Equity Intraday | 7x (Margin intraday sq off) | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | 2x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | 1x (no margin) | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | 1.5x | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | 1x (no margin) | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | N/A | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | N/A | N/A |